Minor takes bigger stake in NH Hotel Group

Minor International plans to purchase a further 25,2 per cent stake in NH Hotel Group to the value of €619 million (R9,4 billion). This follows the group’s recent purchase of a 9,5 per cent shareholding.

This development could see Minor holding up to 55% stake in the NH Hotel Group. “We will be able to create a network of over 540 hotels with a reach across Asia, Oceania, the Middle East, Africa and Europe,” said Dillip Rajakarier, ce of Minor Hotels.

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